Cable hits 1.2542 after sliding from 1.2620 on across-the-board USD buying

1.2542 is lowest level since May 3. 1.2620 was high after 1230 GMT US data

Jobless claims 264k vs 245k f/c, 19-month high. PPI 2.3% YY vs 2.4% f/c

Bids may emerge ahead of 1.2500 if GBP/USD falls further (1.2509 is 21DMA)

1.2679 was Wednesday's 54-week high, following sub-5% US CPI print

BoE raises rates by 25 bps to 4.5%, twelfth consecutive hike nL8N3784P4